BILL NUMBER: AB 2582	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Nestande

                        FEBRUARY 24, 2012

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2582, as introduced, Nestande. Income taxes: credit:
contributions: educational organizations.
   The Personal Income Tax Law and the Corporation Tax Law allow
various credits against the taxes imposed by those laws.
   This bill would state the Legislature's intent to enact
legislation that would allow a credit against the taxes imposed under
the Personal Income Tax Law and the Corporation Tax Law for
contributions to an educational improvement organization or to an
education scholarship-granting organization, as specified.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  (a) It is the intent of the Legislature to enact
legislation that would allow a credit against the taxes imposed under
the Personal Income Tax Law for monetary contributions to a public
school for support of cocurricular activities or to an educational
improvement organization (EIO) to support innovative programs in
science, technology, engineering, and math (STEM), literacy, and arts
for kindergarten and grades 1 through 12, inclusive.
   (b) It is also the intent of the Legislature to enact legislation
that would allow a credit against the taxes imposed under the
Corporation Tax Law for contributions to an education
scholarship-granting organization (SGO) that provides tuition
assistance to students in kindergarten and grades 1 through 12,
inclusive, from moderate- to low- income families.